Olympic Village On False Creek In Vancouver

Olympic Village is a 7 block community, situated at the edge of False Creek with a terrific view of downtown Vancouver and Science World.

The seawall runs right by for walking, rollerblading and cycling. If you walk towards the east you will get to Science World and be able to continue walking right past False Creek North. Keep going and you pass Sunset Beach in Vancouver's West End. Further still and you will be at English Bay.

If you only want a short jaunt then head West on the Seawall to the Granville Island Market and perhaps stop part way for a rest and a pint. At the centre of Olympic Village you will find there are some stores getting ready to open.

Since the village is still quite new it is still not yet fully developed and is just beginning to become a neighbourhood with stores and amenities. Olympic Village is close to the Cambie Street Corridor where there is grocery shopping, a liquor store, and stores for hardware, lighting, electronics as well as restaurants.

The Millenium Water Development in Olympic Village is a LEED® project that has been certified by the Canada Green Building Council. LEED® Certification distinguishes building projects that have demonstrated a commitment to sustainability by meeting higher performance standards in environmental responsibility and energy efficiency. About 50 per cent of roof space is covered in plants and grass, which helps regulate temperature as well. Also, 25 per cent of storm water from each roof can be collected underground and used for flushing toilets and watering courtyard gardens.

Olympic Village is a terrific location with great promise of maturing into an awesome neighbourhood.

Highlights include:

• Awesome views of False Creek and Downtown
• The Seawall and Granville Island nearby
• Science World less than a 5 minute walk
• Hook up easily to the bike route
• Canada Line Olympic Station offers easy access to downtown and the airport
  
  

Contact Jeffrey Sefton if you are buying or selling a home in the Vancouver Real Estate Market.

Jeffrey Sefton
Macdonald Realty Ltd.
604-263-1911
jeffrey@sefton.ca | www.sefton.ca

Granville Island is a mecca in the heart of the city of Vancouver.

Living near Granville Island offers a terrific permanent farmers market with fruit and vegetables, meat, seafood, baked goods, fresh bread, home preserves, chocolates and candy, and a revolving list of vendors that display their crafts including knitted goods, soap, photography, and ceramics to name a few.

It's always fun to take one of the small ferry boats from the island to the False Creek North and take a stroll on the seawall from False Creek North, past Sunset Beach right around to English Bay in Vancouver's West End.

You will find some terrific real estate surrounding Granville Island made up of high rise condominiums as well as townhouses. Granville Island is located in the sub area of Vancouver West named False Creek.

Contact Jeffrey Sefton if you are buying or selling a home in the Vancouver Real Estate Market.

Jeffrey Sefton
Macdonald Realty Ltd.
604-263-1911
jeffrey@sefton.ca | sefton.ca

False Creek Real Estate Statistics

Wow! There are are some pretty remarkable numbers here this month. False Creek real estate got hit over the head with a 3 day old baguette this past month. Of the 14 units listed for sale in False Creek in October, NOT ONE, sold! There were only 4 units sold in the whole month and three of those were pre-paid leasehold units! All that being said the average, and median, list price to sale price ratio was a very healthy 98! Take a look at the stats below. I am hoping to add some sexy graphs soon, but I still have some learning to do on the spreadsheet programs.

LISTED IN FALSE CREEK IN OCTOBER

Freehold Strata Units Listed:  11 (20,6,28)
Pre-paid Leasehold Strata Units Listed: 2 (12,2,2)
Non Pre-paid Leasehold Strata Units Listed:  1  ( 2,0,1)
Total Units Listed: 14 (33,8,23)

Median list price: $539,450   ($549,000,$574,950,$599,000)

SOLD IN FALSE CREEK IN OCTOBER

(last 3 month's numbers in brackets)

Sold from listed in October: 0                                 

Freehold Strata Units Sold: 1 (4,28)
Pre-paid Leasehold Strata Units Sold: 3 (3,1,1)
Non Pre-paid Leasehold Strata Units Sold:  0 (0,0,0)
Total Units Sold:  4 (7,3,9)

Average Sold Price:  $384,600 ($541,214 ,$734,000)
Median Sold Price:  $374,950 ($545,000,$550,000)

List Price to Sold Price Ratio: 98%

Average Days on Market: 27 (21,71, 29)
Median Days on Market: 24 (12,61, 14)

Are you thinking ablout making a move in False Creek real estate?  I am always happy to answer your False Creek real estate questions.


This post orignally appeared on my False Creek blog, the False Creek Comet

Mellinium Water Vancouver's Olympic Village - Trouble Ahead?

As the credit crisis south of the border begins to creep north, concerns are mounting over the impact it may already be having on construction of the athletes' village for the 2010 Winter Games.

Last week, members of Vancouver's city council held an emergency, in-camera meeting to get an update on the project. Much of the discussion revolved around the city's obligation in the event the developer, Millennium Development Corp., can't meet demands from the bank because of massive cost overruns, according to sources briefed on the meeting.

Click here to read the full article.

Another article in the Vancouver Sun "2010 Games in Crisis" raised concerns that B.C. taxpayers could be on the hook for about $1.5 billion.

Just a week ago, Denis Du Bios on October 03, 2008 published in Energy Priorities a glowing report "Vancouver 2010 Olympic Village" as a model for urban sustainability.

This South East Fales Creek land - once a mishmash of shipyards, sawmills and municipal incinerators had many past controversies. NANCY MACDONALD at Maclean's Magazine published on November 19, 2007 "New Condo Will Double as Vancouver's 2010 Olympic Village" gave an account on the project when the condos were released for sale in October 2007.

For more information on Millennium Water Condos, kindly contact James Wong at 604-721-4817 or email me.

The False Creek Watershed Society is hosting the Salmon Celebration as part of BC Rivers Day on Spetember 28th. The Salmon Celebration BC Rivers Day The event is set to take place from 12:00 - 4:30pm at Vanier Park and promises to great fun, and educational too.There is even a parade at 1:00pm.

I haven't been to one of these events for a few years, but the last one we went to was great. There will be "Entertainment, Crafts, Food, Storytelling, Environmental Fair, Local Musicians, Wooden Boat Building, Stilt Walking, Exhibits and First Nations Participation."

You can read all about The Salmon Celebration and all the other events the Society puts on their website. It is always good for us city dwellers to realize what was here before they paved this paradise.

This post originally appeared on False Creek blog, the False Creek Comet.